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BAF3107-Money and Banking JANUARY-APRIL 2023 CAT

Answer all the Questions.


Q1. What are the main causes of the huge budget deficit being experienced in most sub-Saharan
African countries including Kenya? (10 marks)
Q2. Why is currency devaluation ineffective in developing (10 marks)
Q3. Explain the role of the Central Bank and how it may influence the performance of the a
country’s economy (10 marks)

NB: kindly avoid plagiarism by way of lifting notes from the module, copying from friends or
wikipedia without references.

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